State Street Corp Cuts Stock Position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)

State Street Corp decreased its holdings in shares of Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) by 1.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,138,838 shares of the real estate investment trust’s stock after selling 61,247 shares during the quarter. State Street Corp owned about 3.72% of Apollo Commercial Real Estate Finance worth $48,502,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its stake in shares of Apollo Commercial Real Estate Finance by 72.0% during the third quarter. Advisors Asset Management Inc. now owns 468,335 shares of the real estate investment trust’s stock worth $4,304,000 after purchasing an additional 196,122 shares in the last quarter. Van ECK Associates Corp lifted its position in Apollo Commercial Real Estate Finance by 32.1% during the 2nd quarter. Van ECK Associates Corp now owns 1,034,316 shares of the real estate investment trust’s stock worth $10,126,000 after acquiring an additional 251,280 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Apollo Commercial Real Estate Finance by 36.1% in the 2nd quarter. Victory Capital Management Inc. now owns 225,123 shares of the real estate investment trust’s stock worth $2,204,000 after acquiring an additional 59,764 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Apollo Commercial Real Estate Finance by 8.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 281,902 shares of the real estate investment trust’s stock worth $2,760,000 after acquiring an additional 20,801 shares during the period. Finally, Quest Partners LLC grew its position in Apollo Commercial Real Estate Finance by 960.9% in the third quarter. Quest Partners LLC now owns 101,641 shares of the real estate investment trust’s stock valued at $934,000 after acquiring an additional 92,060 shares in the last quarter. 54.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. UBS Group decreased their target price on shares of Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a “neutral” rating for the company in a research note on Friday, November 15th. JPMorgan Chase & Co. decreased their price objective on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a “neutral” rating for the company in a research report on Thursday, October 17th. Finally, StockNews.com lowered Apollo Commercial Real Estate Finance from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $9.63.

Apollo Commercial Real Estate Finance Trading Up 0.9 %

NYSE ARI opened at $8.78 on Friday. The company’s fifty day moving average price is $9.04 and its two-hundred day moving average price is $9.69. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of -9.54 and a beta of 1.75. Apollo Commercial Real Estate Finance, Inc. has a 12 month low of $8.52 and a 12 month high of $12.74. The company has a debt-to-equity ratio of 0.67, a current ratio of 46.13 and a quick ratio of 46.13.

Apollo Commercial Real Estate Finance Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 11.39%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is -108.70%.

Apollo Commercial Real Estate Finance Profile

Apollo Commercial Real Estate Finance, Inc operates as a real estate investment trust (REIT) that originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States, the United Kingdom, and Europe.